Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Pitcuins face the risk of division into two competing countries

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 266471
    Join date : 2012-12-21

    The Pitcuins face the risk of division into two competing countries Empty The Pitcuins face the risk of division into two competing countries

    Post by Rocky Sun 23 Jul 2017, 2:53 am

    The Pitcuins face the risk of division into two competing countries(virtual currency)

     

    23/7/2017 12:00 am

    Follow - up / morning
    experiencing virtual currency "Bitcoin" is always volatile in value, however, there were exceptional unrest recently after increasing fears of an internal conflict between the dealers in this currency, and these concerns have fallen, but not completely disappeared.
    The value of the unit "Petequin" on Sunday to about 1,863 dollars, before rising again to 2,402 dollars last Wednesday, according to data provided by the website, "Queen's news." But this value is still slightly lower than the $ 3,019 recorded in June.
    What are the risks?
    Facing the currency of "Betcuain" Risk of becoming a victim of its success The spread of financial technology has led to slow processing of transactions. Some users complained that they had to wait three days or more to make sure that transactions were completed when the transaction record was at its worst in May.
    In addition, fees also rose to $ 5 per transaction at the beginning of June. This makes it very expensive to use a homeowner coin in some purchases, such as a bottle of beer in a bar that accepts to be treated as a "bitcoin".
    There are certain ways to overcome this problem, but the community of dealers in this encrypted currency is divided on which solutions should be adopted.
    The risk is that the currency of KFH may actually be divided into two, one of which is not identical with the other, ultimately undermining confidence in this project altogether. The problem is that the core technology of the e-currency contains restrictions within the system itself, namely that the previous transaction log, known as the "block chain", can accommodate only one megabyte of data, plus every ten minutes. In order to document transactions in the currency of KFH, a process is called "mining", a complex calculation aimed at checking, documenting and recording transactions between electronic currency portfolios. These processes produce coded equations. During the mining process, volunteers' machines were quick to solve complex computational problems. In exchange for solving each of these computational problems, a mass of Betcuen coins is being processed. On the other hand, the machines that succeed in the mining process get a new "Petcin". Petequin did not have the maximum mass chain estimated at 1 megabyte per 10 minutes, but this feature was added to help defend the technology against service disruption attacks, which could overwhelm the block chain with a barrage of small transactions. Many of the participants in the digital mining process prefer to "configure" the so-called "unlimited homeowner solution". In their opinion, allowing them to increase the size of the mass chain would speed up transactions and reduce fees. But this may make the mining process itself costly and impractical for small-scale operations, which puts this process in the hands of a small group of big companies. This is because there is an urgent need to enhance processing capacity to verify transactions. Many of the participants in the digital mining process prefer to "configure" the so-called "unlimited homeowner solution". In their opinion, allowing them to increase the size of the mass chain would speed up transactions and reduce fees. But this may make the mining process itself costly and impractical for small-scale operations, which puts this process in the hands of a small group of big companies. This is because there is an urgent need to enhance processing capacity to verify transactions. Many of the participants in the digital mining process prefer to "configure" the so-called "unlimited homeowner solution". In their opinion, allowing them to increase the size of the mass chain would speed up transactions and reduce fees. But this may make the mining process itself costly and impractical for small-scale operations, which puts this process in the hands of a small group of big companies. This is because there is an urgent need to enhance processing capacity to verify transactions.

    http://www.alsabaah.iq/ArticleShow.aspx?ID=141124

      Current date/time is Mon 18 Mar 2024, 11:42 pm